ETF Idea Our cash-free future is getting closer. Here’s how | FSMOne SG - Research Highlights

ETF Idea

Our cash-free future is getting closer. Here’s how you can profit from this trend.

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• We believe the shift away from cash will continue as more consumers move towards digital payment methods.

• Global e-commerce sales and penetration rate is expected to continue growing, translating to a rise in demand for digital payment systems as payments for online goods and services have to be processed remotely.

• With rising smartphone adoption, we believe more consumers will transit from physical point-of-sale to online point-of-sale, a trend that will drive the growth of digital payments as well.

• As the world moves towards smart cities, governments are expected to increase their spending in various areas, including digital payments, which is an important part of this development.

• We believe there is still a long runway of growth for the digital payments industry. With a target price of USD 84, this translates to an upside potential of about 20%.

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: ETFMG Prime Mobile Payments ETF (NYSE:IPAY)